Russian trade with Finland in the 3rd quarter of 2016

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with Finland in the third quarter of 2016: exports, imports, products, dynamics.

Russia’s Trade with Finland

In the 3rd quarter of 2016, Russia’s trade with Finland was $2,197,699,807, down 8.84% ($213,116,792) from the 3rd quarter of 2015.

Russia’s exports to Finland in the 3rd quarter of 2016 were $1,550,656,426, down 6.02% ($99,353,307) from the 3rd quarter of 2015.

Russia’s imports from Finland in the 3rd quarter of 2016 were $647,043,381, down 14.95% ($113,763,485) from the 3rd quarter of 2015.

Russia’s trade surplus with Finland in the 3rd quarter of 2016 was $903,613,045, a 1.62% increase ($14,410,178) over the 3rd quarter of 2015.

Finland was Russia’s 15th largest trading partner in the 3rd quarter of 2016 (just as in the 3rd quarter of 2015), accounting for 1.8025% of Russia’s total trade (down from 1.8996% in the 3rd quarter of 2015).

Finland was Russia’s 14th largest export market in the 3rd quarter of 2016 (just as in the 3rd quarter of 2015), accounting for 2.1553% of Russia’s total exports (up from 2.0748% in the 3rd quarter of 2015).

Finland was Russia’s 18th largest supplier in the 3rd quarter of 2016 (down from 17th in the 3rd quarter of 2015), accounting for 1.2947% of Russia’s total imports (down from 1.6055% in the 3rd quarter of 2015).

Russia’s Exports to Finland

The major share of Russian exports to Finland in the 3rd quarter of 2016 (and in the 3rd quarter of 2015) was accounted for the following product types:

Mineral products (HS codes 25-27) - 70.42% of Russia’s total exports to Finland (71.86% in the 3rd quarter of 2015);

Chemical products (HS codes 28-40) - 11.88% of Russia’s total exports to Finland (16.07% in the 3rd quarter of 2015);

Wood and wood products (HS codes 44-49) - 7.34% of Russia’s total exports to Finland (6.23% in the 3rd quarter of 2015);

Metals and products from them (HS codes 72-83) - 6.60% of Russia’s total exports to Finland (2.66% in the 3rd quarter of 2015);

Machinery, equipment and vehicles (HS codes 84-90) - 2.11% of Russia’s total exports to Finland (1.95% in the 3rd quarter of 2015).

The largest gains in Russia’s exports to Finland in the 3rd quarter of 2016 over the 3rd quarter of 2015 were recorded for the following product groups:

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $24,100,283;

Articles of iron or steel (HS code 73) - a decrease of $11,635,489;

Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $4,562,395;